Comments on: Common Deceptive Credit Practices

By: James Stilwell

James Stilwell — Sat, 31 Oct 2009 13:17:44 +0000

A close friend of mine made the mistake of taking out a loan thrugh one of the payday type loan services. He used the title of his truck as collateral. The interest adds up to about 28.00 dollars a day. Because of an issue with his job he did not receive his check for three weeks and he could not pay his note to the Loan Shrks. He now owes almost 2000 dollars more than his loan. There should be a law against this and I will be standing in the Courts to promote a limit in all States to prevent this from happemning to hard working citizens.

By: Payday Loan Advocate

Payday Loan Advocate — Tue, 04 Nov 2008 05:24:25 +0000

Through the globalization in the third world generation there are a lot of the competitive in many aspect and especially in the field of economics.
The World Series wrapped up this week, with the Philadelphia Phillies capturing their first pennant in almost 30 years. 1980 was the last Series to feature the team, and at that time they had some all time greats, like Mike Schmidt, Steve Carlton, and Pete Rose, one of the only two members of the 4,000 hits club. (The two men of that distinction were both of great renown, and of greater infamy; the other being Ty Cobb.) Since the victory over Tampa Bay, the city of Philadelphia has been elated but nervous. Philadelphia?s authorities have been on high alert, watchful for the potential of mass rioting in the wake of victory, especially at Temple University. The Dean of Students, Ainsley Carry, promises both scholastic and criminal penalties for any celebration beyond normal bounds.
Is all this really necessary? Are they so bored in Philadelphia for something to do that they?re willing to repeat Tiananmen Square to make sure everything stays Leave It to Beaver swell?
Well, if you feel like rioting, take a second to breathe. Be calm, and do not rampantly destroy property and behave violently. If you feel the urge to social injustice, please do not take drastic action. If you feel like rioting because of a recent cash crunch, take a look at our website. You can get affordable, easy personal loans with almost no effort beyond a few clicks of a mouse.

By: Payday Loan Advocate

Payday Loan Advocate — Sat, 18 Oct 2008 02:40:01 +0000

House Bill 545 has taken comfort in the mind of Ohio’s governor, Ted Strickland. He is on the move to convince people in his state to vote in favor of the bill. Ignoring the voice of the people earlier this year, this bill will put a cap on the annual interest rates that no fax payday loan companies can charge to 36 percent. Now let?s review this situation in a bigger picture. This would mean the payday loan industry will make virtually no money at all, which will eventually drive the whole industry out of the state. No company can survive under these conditions. To make matters worse, presidential candidate, Barack Obama, has vowed to impose Strickland?s interest rate cap nationally. This will mean that people will have fewer options making ends meet in tough times. If this bill should be passed, what then do they offer the people in return when life throws one of its little surprises? Before casting your vote, think about the dreadful consequences.
Post Courtesy of Personal Money Store
Professional Blogging Team

By: Payday Loan Advocate

Payday Loan Advocate — Sat, 18 Oct 2008 02:37:04 +0000

The current presidential candidates, Barack Obama and John McCain, supported an anti-payday loan bill in 2006. The bill, which took effect in October 2007, put a 36 percent cap on the interest rates that payday loan stores charge military personnel. The basis behind the bill was the increasing number of American soldiers that found out that loans had been taken out in their names without their consent. Many of these loans were either given to identity thieves or to their spouses. More often than not, the loan recipients borrowed money, but did not repay the loans. A majority of the loans should never have been approved in the first place because the applicants didn?t meet the qualifications. Military personnel as a whole are generally considered low-income and sometimes, unfortunately, considered to possess very little financial knowledge. The government wanted to prevent identity theft of military members because it would also prevent security breaches. Therefore, the government ruled in favor of the measure. Barack Obama would like to employ the measure nationwide. If the same interest cap is imposed throughout the U.S., the payday loan industry will be wiped out. Take time to think about who you?re voting for because your financial liberties are at risk in this election.
Post Courtesy of Personal Money Store
Professional Blogging Team